"The focus should not be on big businesses or large industry or groups. The real growth in employment and in manufacturing is going to come from SMEs, the entrepreneurial small sector," Mahindra said at a book launch event last evening.
Founded in 2012, Instamojo enables over 3,00,000 SMEs to build, manage and grow their business online.
The minister was speaking to reporters at the sidelines of national workshop on Goods and Services Tax (GST) readiness here.
Innoviti Payment Solutions backed by Infosys co-founder N.R. Narayana Murthy-promoted Catamaran Ventures, has raised Rs 120 crore (about USD 18 million) in its second round of funding from SBI-FMO and Bessemer Venture Partners
This startup idea is to integrate parking locations across the city and help the drivers in finding and booking the parking spots through a mobile application.
This week's 1001 startup idea is to develop a platform where young scientists and researchers who are working on some specific research can find and connect with the industry players who are interested in the field of work and would want to collaborate and sponsor the researcher for the project.
This weeks 1001 Startup idea is to develop a mobile and web-based application for better documentation of site inspections and reporting.
This 1001 startup idea from YoStartups is to make a platform to help homeowners, and small-scale developers find licensed contractors for their remodeling projects.
Vadivarhe Speciality Chemicals continued its run up was also on the back of picking up of stake by ace investor Ramesh S Damani who purchased 99,000 shares through block deal on June 7.
This 1001 startup idea is to transform the construction industry with the introduction of 3D printing technology.
The 1001 startup idea this week is to establish a platform which will crowdsource commercial and residential real estate lease and sale information.
The sellers who sell products on e-commerce platforms can use this tool to manage all the orders, shipments and inventory through the tool.
Expert estimates say that only about 50% of the sector is technologically capable of complying with GST rules.
This 1001 startup idea is to establish a mobile based gaming application which will have a plethora of games for brain training. This startup will create fun and focused online games designed to stimulate the brain.
Experts said the huge capital-raising excercise, mainly to fund business expansion and meet working capital requirements, can be attributed to reforms and initiatives taken by the government to encourage the SME sector.
The startup idea is to establish a social network for doctors. The platform will connect doctors to discuss the symptoms and arrive at a diagnosis.
The startup idea is to establish a company that provides cloud consulting, design-build and managed services. The startup will work with online retailers, digital & creative agencies, application developers and other tech-based companies.
The 1001 startup idea this week is about creating an AI enabled travel assistance application, which the tourists can use at their convenience without the hassle of going through a travel guide.
This 1001 startup idea is to establish a mobile application which will enable the customers to split bills at restaurants and while ordering food for home delivery.
India-Malaysia CEO's forum has pitched for a balanced mega trade agreement among 16 countries, including India, China, Australia and ASEAN members, that include both commodities and services.
This week's 1001 startup idea is to establish a company that lets customers attend various events listed on its platform for a monthly subscription fee.
This weeks 1001 Startup Idea is to establish a company that provides property management services room sharing aggregators.